GrabOne in Liquidation with $16.5 Million Debt to Creditors

Failed daily deal website GrabOne, operated by Global Marketplace New Zealand Limited, has gone into liquidation with debts exceeding $16.5 million due to funding constraints, affecting both businesses and customers holding vouchers. The liquidator’s report indicates that the majority of the debt, $9.2 million, is owed to a related party, while Inland Revenue and staff are also among the creditors.

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